Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a 11 pip movement on NZDUSD within 4 hours following the event release at 29 Apr 22:00 GMT+10. We expect NZDUSD to trend downwards 4 hours following the event release at 29 Apr 22:00 GMT+10 if the released value is = 0.6%

Historical events that allowed us to draw this conclusion

30 Mar 23:00	29 Feb 00:00
31 Jan 00:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).